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Explaining recent changes in home prices

Author

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  • Richard J. Rosen

Abstract

The increase in housing prices in the past ten years can largely be explained by falling mortgage interest rates and changes in household income. This article offers some projections of what might happen to housing prices if mortgage rates increase.

Suggested Citation

  • Richard J. Rosen, 2005. "Explaining recent changes in home prices," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jul.
    • Handle: RePEc:fip:fedhle:y:2005:i:jul:n:216
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2005/cfljuly2005_216.pdf
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    Citations

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    Cited by:

    1. Darcy Rollins & Alicia Sasser & Robert Tannenwald & Bo Zhao, 2006. "The lack of affordable housing in New England: how big a problem?: why is it growing?: what are we doing about it?," New England Public Policy Center Working Paper 06-1, Federal Reserve Bank of Boston.
    2. Cabray L. Haines & Richard J. Rosen, 2007. "Bubble, bubble, toil, and trouble," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 31(Q I), pages 16-35.
    3. Dong Fu, 2007. "National, regional and metro-specific factors of the U.S. housing market," Working Papers 0707, Federal Reserve Bank of Dallas.

    More about this item

    Keywords

    Housing - Prices; Mortgages;

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